Lets say your 75cps is rights...
However, you've ignored the corporate debt position (deduct 35cps)...40cps...???
I genuinely wish this stock was worth more and it is under a far better deal than that put forward by WBC...
Will a real deal emerge? THere is a small field of buyers and boards dont generally unamiously endorse a deal until all options have been considered.
This could end badly
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